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Republican-controlled US House approves first tax overhaul in over 30 years

The $1.5 trillion bill will be sent to President Donald Trump for his signature

Reuters  |  Washington 

The Republican-controlled U.S. House of Representatives gave final approval on Wednesday to the biggest overhaul of the U.S. tax code in 30 years, sending a sweeping $1.5 trillion bill to President Donald Trump for his signature. In sealing Trump's first major legislative victory, Republicans steamrolled opposition from Democrats to pass a bill that slashes taxes for corporations and the wealthy while giving mixed, temporary tax relief to middle-class Americans. The House approved the measure, 224-201, passing it for the second time in two days after a procedural foul-up ...

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First Published: Wed, December 20 2017. 23:36 IST
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